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The board of Polyplex Corporation has declared payment of third interim dividend (Special) for the Financial Year 2020-21 of Rs 100 per share (of the face value of Rs 10/- each), following a sharp jump in net profit in the December quarter. Record date’ for the purpose of payment of Third Interim Dividend for the Financial Year 2020-21 has been fixed as February 19, 2021.
Polyplex Corporation shares were up 14 per cent at Rs 859 in early trade today.
Polyplex Corporation is a PET film manufacturer and makes thin and thick PET film in a wide range of thickness and surface properties covering a spectrum of applications.
For the quarter ended December 31, Polyplex Corporation reported a profit of Rs 224 crore as compared to 123 crores in the same quarter of the previous year. Its revenue from operations rose to Rs 1,237 crore in the December quarter as compared to Rs 1,091 crore in the year-ago period.
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